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Home Equity Delinquencies Hit Record High

Reflecting continued weakness in the housing sector, delinquencies in the home equity category reached record-high levels during the first three months of the year, according to the quarterly Consumer Credit Delinquency Bulletin issued by the American Bankers Association (ABA) this week.

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Baltimore vs. Wells Fargo Moves Forward

The city of Baltimore launched a relentless campaign back in January of last year against one of the nation’s largest banks, Wells Fargo. Baltimore is suing Wells Fargo under the Fair Housing Act for reverse redlining, meaning the bank allegedly targeted black neighborhoods in Baltimore for predatory residential mortgage loans.

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Rubin Lublin Hires New Title Attorney

The Atlanta-based real estate default law firm of Rubin Lublin, LLC has announced the hiring of Erica Malcom. Malcom will join the firm as an associate attorney working within the title department. Managing Partner Glen Rubin, commented, Erica makes a strong addition to Rubin Lublin.

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Builders Raise Own Appraisal Concerns

Appraisal practices have taken center stage lately with the roll out of the new Home Valuation Code of Conduct (HVCC) by the GSEs. And now, the National Association of Home Builders (NAHB) has raised its own concerns over valuations of foreclosures, REOs, and short sales.

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